Mortgage Calculator
Estimate your monthly mortgage payment and total interest over the loan term.
Monthly payment
$1,896.20
Total interest
$382,633.47
Total paid
$682,633.47
Formula & methodology
M = P · i / (1 − (1 + i)^−N), with P the loan amount, i the monthly interest rate, and N the total number of monthly payments.
Principal-and-interest only, fixed rate, equal monthly payments. Property tax, insurance, and PMI are not included.
Worked example
- $300,000 at 6.5% for 30 years → ≈ $1,896.20 / month — Total interest ≈ $382,633 over 360 payments.
Frequently asked questions
Does this include property tax and insurance?
No. It covers principal and interest only. Escrow items vary by location and should be added separately.
Can I use it for refinancing?
Yes — enter the new balance, rate, and remaining term.
Privacy
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Disclaimer: Estimates for educational purposes only, not financial or lending advice.